Big engines (or batteries), high-end tech, and expensive finishes always translate into the most expensive car insurance. We ran the numbers and found the most expensive cars to insure in 2022.

These beauties will turn heads out on the road but will put a serious dent in your pocketbook when it comes to insurance costs as the most expensive luxury cars to insure in 2022.

What is the insurance cost for the most expensive cars to insure?

Unfortunately, luxury and high-end sports cars cost a fortune to insure. Premiums ranged from $5,176 for the Maserati Quattroporte down to $3,503 for the Tesla Model S Long Range. The Maserati costs a whopping 158% more than the national average of $2,022. Even the cheapest vehicle on our list is 74% higher than the national average.

Insurance costs dropped a tiny amount (0.54%) this year with the national average going from $2,022 to $2,011. While hardly enough to make much difference in a premium, it’s always nice to see insurers charging less for coverage.

There are three big reasons these cars are all expensive to insure. A high sticker price, top-of-the-line technology and high repair costs add up to a very expensive insurance premium.

Carole Walker, executive director with the Rocky Mountain Insurance Information Association
Carole Walker
Executive Director with the Rocky Mountain Insurance Information Association

"Sports cars and high-end luxury vehicles are usually much more expensive to insure because of repair costs. The finishes in these vehicles are often much more expensive than the materials used in a more moderately priced vehicle," says Carole Walker.

See the table below for the most expensive cars to insure in 2022:

The most expensive cars to insure in 2022
RankMakeModelNational Average Rate
1MaseratiQuattroporte$5,176
2MaseratiQuattroporte Modena Q4$5,118
3BMWM8 Competition Gran coupe$4,231
4PorschePanamera Turbo S E-Hybrid Executive$4,221
5AudiRS e-tron GT$4,150
6PorschePanamera Turbo$4,129
7TeslaModel S Plaid$4,115
8BMWM8 Competition XDrive$4,054
9PorscheTaycan Turbo S$4,028
10AudiR8 5.2L V10 Quattro Performance$3,967
11AudiRS6 Avant Quattro$3,922
12BMWM760i xDrive$3,911
13BMWM850i XDrive Gran Coupe$3,854
14MaseratiGhibli Trofeo$3,840
15Alfa-RomeoGiulia Quadrifoglio$3,695
16AcuraNSX Type S$3,626
17DodgeCharger SRT Hellcat Redeye$3,533
18DodgeCharger SRT Hellcat$3,528
19Porsche911 Carrera Targa 4 GTS$3,527
20TeslaModel S Long Range$3,503

What are the most expensive cars to insure?

CarInsurance.com analyzed car insurance rates in every state for approximately 2,500 different vehicle models to find the most expensive sports cars or luxury vehicles to insure.

In 2022, the Maserati Quattroporte was number one in the top 10 most expensive cars to insure; you will pay $5,176 a year to protect this beauty. The Maserati comes with all the risk factors insurers hate to see: a huge sticker price (starts at $101,000), a powerful engine (345 horsepower), and plenty of luxury finishes. All of that adds up to a huge insurance premium.

Maserati managed to put two other vehicles on the top 20 most expensive cars to insure list and BMW, Porsche and Audi rounded out the top five. Shockingly, not a single Mercedes made our list this year, which is unusual. BMW and Porsche tied for the brass ring with four vehicles each on our list.

Here is a quick look at the top five most expensive vehicles to insure for 2022:

Maserati Quattroporte

Maserati grabbed the top two spots with the Quattroporte being the most expensive car to insure. This beast will set you back a whopping $5,176 a year to insure, which is 158% more than the national average.

The Quattroporte comes with several red flags when it comes to insurance. While certainly not one of the most expensive sports cars out on the road, its sticker price of $101,000 puts it well out of the normal price range for most drivers. It will hit a top speed of 166 mph and it is loaded with expensive finishes such as premium leather seats, Ermenegildo Zegna silk, and carbon fiber.

In addition, the Maserati is a major target for car thieves, and insurers all charge a higher premium if the car is a major risk for theft.

Maserati Quattroporte Modena Q4

The Modena Q4 is a move up the trim ladder for the Maserati Quattroporte. This model is more expensive (it starts at $116,000) and has a bigger engine (424HP) than the base model Quattroporte. Typically, as you move up through the trim levels insurance costs increase but surprisingly, the Modena Q4 has slightly less expensive car insurance rates at $5,118 a year.

BMW M8 Competition Gran coupe

Cars that are built to be driven more aggressively will always be more expensive to insure and the M8 has a big engine under the hood that just dares you to put your foot down.

“The M8 Competition models sit at the top of BMW's M lineup and are the epitome of performance and luxury,” Anthony says.

Its 4.4-liter V-8 engine can push out 617 horsepower and features track-ready cooling systems. It can hit 190 mph if you add the M Driver's pack to the mix. High technology, it comes with a 12.3-inch digital gauge cluster, 16-way power seats, and optional carbon fiber seats, which all help make this vehicle very pricey to insure.

“Performance cars like the BMW M8 will be more expensive in every aspect, from the starting MSRP and routine service visits to the monthly insurance payment,” Anthony says.

While still very pricey to insure, its $4,231 premium is $945, or 18% less than the Quattroporte.

Porsche Panamera Turbo S E-Hybrid Executive

This luxury sports car combines upscale finishes with a huge engine which is a recipe for a big insurance bill. The Panamera has a V-8 under the hood that can push out 690 HP and hit a top track speed of 196 mph.

“The Porsche Panamera Turbo S E-Hybrid's powertrain doesn't help much either, as hybrids are, generally, more expensive to insure than their gasoline counterparts,” Anthony says.

The interior is luxurious and comes with premium Bose Surround Sound and leather seating as well as a smartphone compartment including wireless charging. Its starting price of $206,000 is one of the major reasons it costs $4,221 to insure this vehicle.

Insurance companies always consider the vehicle's sticker price when setting a premium as they will have to replace the vehicle if it is damaged or destroyed by a covered peril.

Insurers also must consider repair costs and luxury vehicles like the Porsche are packed with expensive finishes. A teak wood interior is always going to cost more to repair than plastic.

Brian Moody, executive editor for Autotrader and Kelley Blue Book
Brian Moody
Executive editor for Autotrader and Kelley Blue Book

“The Porsche Panamera Turbo is not a high-volume car. In other words, it doesn’t sell at a rate similar to a Toyota Camry which is why repairs are often more expensive since parts won’t be as plentiful. In addition, because of the specialized nature of these high-performance vehicles, the skill and time required to make repairs will be higher than with a more mainstream vehicle,” says Brian Moody.

Audi RS e-tron GT

While the RS e-tron GT is the most expensive EV to insure, it is not the only EV to make our list. This year three electric vehicles hit the top 20 with Tesla putting two on the board: their Model S Plaid and Model S Long Range.

The Audi RS e-tron costs $4,150 a year to insure and shares many of the same risk factors with the other vehicles on our list. It has a $140,000 starting price, can hit 60 mph in 2.9 seconds, and is loaded with technology including a top-view camera system that can show the e-tron’s position in relation to its surroundings with an overhead virtual 360° view.

However, the only big difference is what is under the hood. Instead of a massive engine, there is a massive battery and that is one of the reasons this vehicle is so expensive to insure.

Why are certain types of cars more expensive to insure?

Insurance companies take a variety of risk factors into account when setting a premium. In addition to looking at your personal factors such as a driving record, credit score, age, and even your marital status, insurers also consider the risk factors your vehicle presents.

In general, if you want to keep your insurance bill affordable, avoid sport and luxury vehicles. Electric vehicles (EVs), particularly high-end EVs such as Teslas are currently fairly expensive to insure as well.

Big engines (or a big battery), a sky-high sticker price, cutting-edge tech, and lots of expensive finishes will always push up the cost of insurance.

Here are a few of the vehicle factors that insurers consider and why they make insurance more expensive:

  • Price: Your insurance company is on the hook for the bill to replace your car if it is stolen or destroyed by a covered peril, so they are going to charge a higher premium for a more expensive car. If you have a high-end luxury vehicle that comes with a high-end sticker price, you will be paying more for insurance.
  • Vehicle type: Many sport and luxury cars are designed to be driven more aggressively and that often leads to more crashes and accidents. High-powered cars are often involved in accidents that lead to claims.
  • Repair costs: Your insurer must pick up the majority of the bill if your vehicle has to be repaired due to an accident or other covered incident, so they take a look at repair costs when setting an insurance rate. High-end sport and luxury vehicles are often more expensive to repair as parts and labor are much higher. They often require specially trained mechanics and even specialty facilities.
  • Target of thieves: The cost to replace your stolen vehicle is your insurance company’s problem if your ride is boosted so if it is a common target of thieves, you will pay more for coverage. Unfortunately, luxury and sports cars often fall into this category which leads to higher insurance costs.

Not into high insurance premiums? These are the cheapest cars to insure in 2022.

Which trim and model features make a car more expensive to insure?

Luxury and sports vehicles are always going to be more expensive to insure, but here are a few factors to consider when shopping for a vehicle:

  • Trim: Most vehicles come in different trim levels. The base model will usually be the cheapest trim to insure and as you move up trim levels, your premium will climb as well due to a higher sticker price, more expensive interior finishes, and possibly a bigger engine.
  • Engine size: A bigger engine under the hood will usually result in a bigger premium. Sport and luxury cars may offer different engine choices that can impact your premium.
  • Luxury finishes: The interior finishes you choose will impact the cost of insurance. Leather seats, teak wood, and carbon fiber will be more expensive to insure than cloth seats and a plastic dashboard.
  • Technology: Cutting-edge technology is often found in luxury vehicles before it trickles down to more reasonably priced vehicles. High-end audio systems, seat massagers or a refrigerator box for the rear cabin will all result in a higher insurance premium as these types of finishes make repairs more expensive.

Why do Teslas cost so much to insure?

Just like many of the vehicles on our most expensive to insure list, Teslas come with a big sticker price and they are expensive to repair, which is always a recipe for sky-high insurance premiums.

Here are a few reasons Teslas come with a huge insurance premium:

  • Repairs: Teslas can only be repaired at a Tesla-approved repair shop. This is due to the additional training and equipment that are needed.
  • Battery: Like all EVs, a Tesla has a big battery under the hood instead of an engine. It can cost between $10,000 and $15,000 to replace the battery and those kinds of costs will always be factored into an insurance rate.
  • Aluminum frame: The Model S has an aluminum frame, which makes it more expensive to repair than a standard steel frame.

“The complex and high-end technology incorporated into Teslas is expensive to repair after a crash, '' Anthony says. More expensive repairs mean a higher insurance bill.

Read more to know which are the cheapest Tesla models to insure.

Resources & Methodology

Methodology

CarInsurance.com commissioned Quadrant Information Services to calculate average auto insurance rates for around 3,000 2022 car models. Averages are calculated using data from seven large carriers, such as Allstate, AmTrust, Farmers, GEICO, Nationwide, Progressive, and State Farm, in 10 ZIP codes per state.

The rankings were determined by the worst-performing standard set of features for each car model.

Averages are based on full coverage for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries, and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.